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Battery alliance between top two conglomerates offers win-win model Samsung Electronics Vice Chairman Lee Jae-yong and Hyundai Motor Group Executive Vice Chairman Chung Euisun met on Wednesday. The two exchanged views on the supply of next-generation batteries for electric vehicles. This was the first time that the heirs-apparent of the nation's two largest conglomerates met t..

Use Korea's competitive disease control methods to fight second wave When President Moon Jae-in rallied teachers Friday vowing to “develop remote learning systems and information-communication infrastructure,” on social media, he sounded prophetic about a new educational reality for Korea. Schools are still scheduled to reopen, starting with high school seniors on May 20. ..

Toughen penalties for emission cheating through law revision The Ministry of Environment announced last week that it would take criminal action against three imported carmakers, accusing them of manipulating emissions data on their diesel vehicles. The ministry said 37,154 Mercedes-Benz vehicles sold between 2012 and 2018 emitted more than 13 times the legal limit of nitrogen ..

President Moon pledges to expand unemployment insurance Marking his three years in office Sunday, President Moon Jae-in addressed the nation on both crisis and opportunity in the COVID-19 era, vowing to respond boldly to the worsening economy. To that end, his administration will strive to make Korea a globally leading “digital powerhouse," create more jobs through the “Ko..

More review needed on power demand, generation costs A long-term energy plan that forecasts the nation's power demand and supply and suggests generation programs between now and 2034 was announced last Friday. Drawn up by a civilian advisory body, the draft plan calls for reducing the share of thermal and nuclear power plants from 46.3 percent to 24.8 percent, while increasing..

Rival parties should get blame for legislation deadlock The Moon Jae-in administration's efforts against real estate speculation are likely to suffer a setback because the National Assembly has yet to approve a government-initiated bill aimed at raising a property tax on owners of multiple homes or expensive properties. Both the ruling and opposition parties should be held acc..

Defense cost-sharing should be mutually acceptable Washington is again ramping up pressure on Seoul to shoulder a greater financial burden for the upkeep of U.S. troops stationed in South Korea. This U.S. move is nothing new. But its unilateral and excessive demands are still a cause for concern for the host country. President Donald Trump has renewed his pressure tactics by c..

Social distancing rules eased, but war on virus is not over People's daily lives are getting back to normal, though in a limited and gradual way, after health authorities eased social distancing rules Wednesday. The easing came 46 days after the stringent guidelines went into effect March 22. It is good to see many people stop working from home and returning to their workplace..

Economy, vaccine should be first on radar Warning lights are flashing on the international front over a looming confrontation between the United States and China over the COVID-19 pandemic. The worrisome element for South Korea is that the two countries are its top trading partners. In recent days, U.S. President Donald Trump and U.S. Secretary of State Mike Pompeo have specul..

Contactless treatment is a must in COVID-19 pandemic era The government is working on the “Korean New Deal” to get over the economic shock caused by the COVID-19 pandemic. It should put telemedicine ahead of all else. The coronavirus crisis has brought about changes in various areas of people's daily lives, such as work, education and shopping. Most noticeable among them i..